All Forum Posts by: Vivienne Affat

Hi all! I’m looking for a lender to help me start a portfolio. I have about $100K in cash. 709 median credit score. I don’t qualify for conventional loans because my debt to income is to high with a pending new construction primary residence loan. Can anyone help? I don’t have a particular property yet, however, I do have a neighborhood in mind so when something comes up I have to be ready to pounce. The homes are usually in the $200K-$250K range with rent $1900-$2200/mo. I can explore other neighborhoods that would produce more rent with a lower mortgage, but I prefer this specific neighborhood because of the proximity to the hospital (lots of traveling nurses and it’s a high demand area) and the school district is the best one in the county, with the highest appreciation rate in the county. Thanks in advance!! Jennifer

Hi Jennifer! It sounds like you’ve done a lot of research into the area and have a solid plan in mind, which is awesome! Let's connect, I’d love to help with your funding needs and see how we can work together to get you started on building your portfolio.

0 Votes

Philadelphia, Pennsylvania

Quote from @Brian Scott:

Hello all. I'm searching for private money lenders willing to lend for real estate purchases, rehabs and wholetails. Lets have a conversation and see if we are a good fit to work together. Thanks

Hi Brian! Let's connect and see if we're a good fit.

0 Votes

Quote from @Kevin Lynch:

Hello Bigger Pockets,

I am currently in the process of looking for fix and flips or BRRRRs in Cleveland, Ohio. I plan on using a Hard money lenders, does anyone have any recommendations or experience with which company to use? Thank you very much.

Hi Kevin, let's connect. I may be able to help.

0 Votes

Cleveland, Ohio

Quote from @Joshua Myers:

We have 3 A frame cabins built on a single 5.5 acre lot in Hocking Hills. It has been financed all cash so far and we plan on building a total of 6 additional cabins in phases over the next three years. We are exploring options, but aren't too excited about taking on 7 figures of debt on a construction loan. We are looking for a DSCR loan on the existing three cabins to use as permanent working capital while to fund the rest of the project via equity.

If anyone knows a good lender in the area that can work with these constraints please let me know.

Thanks!

If you haven't found a lender that’s a good fit for you, let's connect. I may be able to help.

0 Votes

Columbus, Ohio

Happy Monday!

New w

eek, new opportunities! Keep chasing your dreams and making them a reality. If real estate investment is part of your vision, we’re here to help you get the funding you need. Don’t wait for the perfect moment—the time is now to take action!

Send us your loan application today and let's make your dreams come true!

☎️505-228-2777

📩[email protected]

https://home45097.rfsitebuilder.com/

0 Votes

Quote from @Deborah Wodell:

Hey everyone,

When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly. I’m curious how you all manage these upfront expenses. Are you using hard money loans, tapping into savings, partnering up with others, or maybe using seller financing? I'm hoping to hear some creative ways people are handling this part of the process. How do you make sure you have enough funds to pull the trigger on a deal?

Would love to hear what’s worked for you and any tips you have for making sure the funds are in place to lock down a great deal. Looking forward to learning from your experiences!

To manage upfront costs on fix-and-flip projects, many investors use a combination of strategies. Hard money loans are popular for covering both purchase and renovation costs, though they come with higher interest rates. Others tap into personal savings or use business lines of credit for more flexibility. Partnering with others can spread the financial risk, while seller financing may eliminate traditional down payments. Crowdfunding or real estate syndications also pool capital from multiple investors. The key is to secure financing options before finding a property, ensuring you have enough funds to move quickly when a great deal arises.

1 Vote

Quote from @Denny Knapp:

Hi BP community. I just joined BP pro and im stoked to get started. I seen somewhere where there was some info on how to estimate how much the rehabs will cost i just dont know where it is. also can someone tell me how i will know what the ARV will be? Thank you all so much!

For estimating rehab costs, try using the BiggerPockets Rehab Estimator Tool or get quotes from contractors through sites like HomeAdvisor or Thumbtack. As for ARV, check out comparable sales (comps) on sites like Zillow or Redfin, or talk to a local realtor for a better idea of what similar homes are selling for in the area. Hope that helps—good luck with your project!

0 Votes

Cleveland, Ohio

Looking to expand your portfolio or renovate? Cash-out refinancing could be your ticket to more capital without selling your properties.

What is Cash-Out Refinancing?

Cash-out refinancing allows you to refinance your existing mortgage, pulling out a portion of the equity you've built in your property, and convert it into cash. This cash can then be used for:

* Buying additional investment properties
* Renovating existing properties
* Paying down high-interest debt
* Or any other investment opportunity you want to explore

Contact me for more details

☎️505-228-2777
📩[email protected]

0 Votes

Quote from @Shawn Callan:

Am I missing something? I'm struggling to see how I can afford to get into a second house with my current DTI. I own a house that I am living in with a VA loan and want to buy a different home and move into that as my primary residence and rent out my first home. But when I quickly run the numbers it doesn't add up. I owe 400K on my current home and would be looking at 450K for a new primary. That's 850K worth of debt. If I could rent my home for $2,500 (I hear lenders could take 75% of that projected income?) plus my monthly W2 income I get $8,675 (2500 X .75 plus 6800). My current monthly mortgage payment plus projected future mortgage payment (2900+2900 = 5800). So I would have debts of $5800 divided by $8,675 gives me a DTI of 67%. I do have money for a down payment, but I fail to see how I could make this work? Is my math wrong or is there another better way to do this? Any thing helps!!

It looks like you're on the right track with your math, but a couple things could help. First, keep in mind that some lenders might let you use more than 75% of the rental income, especially if you have a solid rental history or property management in place. Also, your DTI can sometimes be more flexible depending on your credit score or reserves, so it's worth asking the lender about that.

If your DTI is still too high, try looking at ways to lower your monthly payments or increase your rental income. Could you get a higher rent for your current home? Or maybe consider putting more down on the new place to lower the mortgage? You could also explore other loan programs that work better with higher DTIs, or even pay down some of your current debt. It might take some adjustments, but you're not far off from making this work!

0 Votes

Vancouver, Washington

DM for details or if you need verification.

☎️505-228-2777
📩[email protected]

#RealEstateInvestor #ClosingDeals #ProofOfFunds#SterlingProgress

0 Votes

All Forum Posts by: Vivienne Affat

Vivienne Affat has started 29 posts and replied 75 times.

Post: Looking for a lender

Post: Private money lenders

Post: Hard money lenders

Post: DSCR financing for multiple cabins in Hocking Hills

Post: Secure the capital of your next investment property!

Post: How Are You Covering Down Payments & Closing Costs for Your Fix & Flip Deals?

Post: How do i know how much the rehab will cost?

Post: Cash-Out Refi for Investors!

What is Cash-Out Refinancing?

Post: How am I supposed to buy a 2nd house!

Post: Ready to close! Proof of funds available!